This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

The Fairfax, Va., company expects to report a pro forma loss of 19 cents to 22 cents a share on revenue of $40 million to $41 million in the three months to June 30. Analysts, who generally try to forecast pro forma numbers, expected the company to lose 2 cents a share on revenue of $53.3 million in the period.

"We had an unusual number of seven-figure opportunities in our pipeline that did not close, including one in excess of $5 million," WebMethods said. "Although we did close three million-dollar transactions in the quarter, lower closure rates of these large deals contributed significantly to our shortfall in the June 2004 quarter."

The stock was recently down $2.79, or 34%, to $5.50. The drubbing is similar to one felt yesterday by semiconductor assembly outfit
Amkor(AMKR - Get Report), which careened 29% lower after previewing a weak quarter. Lesser declines were felt in software integration company
Iona(IONA), and continued Friday in disk-drive maker
Maxtor(MXO) and software giant
Sybase(SY).

Product Features:

To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.